ADDIS ABABA (OIB)– Oromia International Bank S.C. (OIB) held its semi-annual Management Performance review meeting on Feb 3, 2018 at UNECA Conference Center, in Addis Ababa. The meeting is themed with “Maintaining the momentum of excellent performance through the influence of exemplary leadership.”
OIB’s Executive Management, Directors, District Managers, Division Managers from the head office, and Branch Managers summoned to evaluate the 2017/18 FY half-year performance against the plan. President of Oromia International Bank, Abie Sano, opened the meeting in his keynote address that the Bank is registering impressive results amid global and local financial challenges particularly related to the scarcity of foreign currency in the local market. He also acknowledged the performance in the area of deposit, revenue and foreign currency generation.
Neway Megersa, OIB’s Director of Business Development and Planning, presented the six-month corporate performance report. In his report, Neway highlighted the Ethiopian banking industry performance over the last six months comparing the private and public banks’ trend. He then presented OIB’s six month-performance report on major thematic areas deposits mobilization, loan and financing, foreign currency generation, income and expense, and profit in which OIB has outshined in comparison to the last year same period performance on one hand and in the industry on the other. At the end of his presentation, Neway called for consorted effort to keep the momentous growth of the bank and put OIB in top position it deserves.
Alemayehu Demisse, the Bank’s Vice President-Branch Banking, presented detail performance of branches in their respective districts where all branches’ performance measured by relevant parameters.
OIB’s Board of Directors Chairperson, Gadisa Bultossa, on the closing remark said that the registered result in six months’ time was an indicator of realizing the Bank’s vision to become the first choice nationally. He vowed that the Board of Directors will work closely with the Management for further excellent performance in every sphere.
The participants entertained questions, comments and opinions that go towards achieving common goals and taking OIB onward with sound commitment and determination. The discussion was lively as well as a landmark to register even better performance in the remaining portion of the year.
Began its operation in October 2008, Oromia International Bank has more than 225 branches, almost 405 of which are located in Oromia Regional States, making the capital, Addis Ababa, its headquarter. OIB is known for pioneering interest free banking services in the country.
Source: OIB